re: Official CryptoTalk Thread

muh securities.

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1) S1 filings have not happened yet, whereas the BTC S1s were filed prior to the ETF approvals. This means seeding has not yet occurred and it will take a few more months to see these things get off the ground.

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Lines up with the start of past alt seasons.

This has clearly turned political as it’s shifted to an election issue. For a minority, but arguably a swing voter pool of people. Gary has been told to STFU and push it through. Don’t be an obstacle in the way.

Which is slimy, but I’ll take the end result.

Slowly, then suddenly.

Are your bags packed?

ETA: Be sure to read the last paragraph and let that digest. After its digested, do the math.

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I'm reading more about the ETH ETF and was hoping you guys can clear something up for me.

ETH has a staking reward of 2%-4% correct?

As a commodity ETF, there is no yield allowed.

Why would an investor lose out on 2%-4% yield by putting money in an ETF?

What am I missing?

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Nothing. If markets were rational no one would buy the etf. Counterpoint: people still own long duration US Govt debt.

Solely because tradfi can stick eth inside of people's 401Ks and shite to diversify from Bitcoin in cryptocurrency/high risk category.

Eventually I would bet there will be ETFs that include some staking yield, but undoubtedly some difficult regulatory hurdles to clear for that.

It comes down to do you really want to participate in decentralization or not. Either answer is fine, but you need to answer that first. If you're okay with some centralization, staking on exchanges or via Liquid Staking Derivatives (LSDs) like LIDO, cETH, and rETH are very easy. If you want to contribute to decentralization and want bigger rewards, then you can stake at home.

It's not terribly difficult to stake at home. It does require some computer know-how, but it can be taught to people who know modest amounts of tech. One thing you'll find is that the ETH community is very welcoming to people with little tech know-how and there are tons of people who want to help. The guys over on https://www.reddit.com/r/ethstaker/ are very knowledgeable and have helped many people set up home validators. The daily threads on https://new.reddit.com/r/ethfinance/ are very active and they can also point you in the right direction.

I personally stake via Coinbase, LIDO, and Rocketpool.

You would think the ETFs would not charge ANY fee and just get the staking rewards.

But then they would not really be a custodian. This is so weird we are calling it a commodity but i digress